5 Add-on Covers or Bike Insurance You Shouldn’t Miss
Updated On Dec 26, 2021
Want to purchase a suitable add-on cover? Read more to know about the top 5 add-on covers to think about when it comes to your two-wheeler insurance coverage.
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Two-wheeler insurance add-on coverages are extra coverages that may be acquired in addition to the base policy. Add-Ons for standalone Own-Damage or Comprehensive bike insurance plans are available. Although an add-on enhances your rate, the added coverage makes the expense beneficial in an emergency. As a consequence, having the right add-ons might boost your insurance coverage dramatically. You may also personalize them to your unique needs because they are an optional and additional purchase. In this piece, we'll go through the top five add-ons for two-wheeler insurance. Two-wheeler insurance add-on coverages are available with both comprehensive and independent own-damage plans. The bike insurance add-on coverage is not free, but it is definitely worth it because it significantly enhances the coverage of a base plan.
5 Bike Insurance Add-On Covers You Shouldn't Ignore
The following are the top five two-wheeler insurance add-ons:
1. Zero Depreciation Insurance
In contrast to traditional two-wheeler insurance, with zero depreciation bike insurance, the bike insurance provider pays for the depreciation costs incurred by your bike. This means that if you have an accident, you may sue your insurance company for a larger settlement. The majority of insurance policies limit the number of zero depreciation bike insurance claims you may file, however, there are a few that don't. Some of these are IFFCO Tokio General Insurance, New India Assurance Company, and Royal Sundaram Insurance Company.
2. Roadside Assistance Coverage
Two-wheeler roadside assistance will cover the support services required due to breakdowns in the event of an accident. Fuel delivery, towing to a local repair shop, taxi service, lost key help, tire replacement, and more services are included. Standard insurance policies nearly never cover them.
3. Passengers' Insurance
When it comes to two-wheeler accidents, the chances of death are significantly higher. You'll be insured for the death and bodily harm of the pillion passenger if you have bike insurance with passenger protection. This add-on may make all the difference in a pinch.
4. Coverage in an Emergency While Traveling
This coverage will aid you with any issues in an unknown region in the case of an emergency while traveling, such as a two-wheeler breakdown. This claim is only acceptable if it takes place within 100 kilometers of the policyholder's residence. The number of claims you may make with this add-on is usually restricted. However, the claims that began on this cover will have no influence on your NCB.
5. Engine Protective Cover
Engine-related damage is covered by this add-on, which may be purchased as single damage or comprehensive plan. The engine must be protected since it is the heart of the two-wheeler. In addition, the engine is vulnerable to damage. Regular OD or comprehensive two-wheeler insurance policies without engine protection cover, on the other hand, do not provide payment for engine damage.
To summarize, add-ons can help you get a lot more out of your regular two-wheeler insurance. When it comes to your two-wheeler comprehensive insurance, it's the same. Insurance companies provide a variety of add-ons from which you may select to make your comprehensive insurance coverage even more comprehensive! Despite the fact that they increase your premium, they cover a number of important features that may come in handy in the case of an unforeseen occurrence. You also don't have to buy all of them because they're available as optional purchases. You may personalize your insurance with add-ons to match your individual needs.
Also read - Challan For Riding Without Helmet In India
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.